Reward 1000 Tiger-coinsThe semiconductor sector shone brightly in Q1, with $SUPER MICRO COMPUTER INC(SMCI)$ surging by 264% and $NVIDIA Corp(NVDA)$ by 82%.
Other companies collaborating with NVDA also achieved outstanding results.
However, some semiconductor companies like $Advanced Micro Devices(AMD)$ and $Qualcomm(QCOM)$ experienced relatively smaller gains. $Micron Technology(MU)$’s surge only began at the end of March.
$Micron Technology(MU)$ soared to a record high after announcing a significant development agreement with Nvidia to integrate high-bandwidth memory chips into its new H200 semiconductor.
Bank of America analysts raised their price target for Micron to $144 from $120, citing the immense additional value artificial intelligence technologies bring to key component manufacturers.
Which company do you think will continue to soar in Q2?
Will it be the AI leaders NVDA and SMCI or MU and QCOM who have just boarded the AI train?
Is there still upside potential for Micron?
Leave your comments and also post to win tiger coins
Comments
My top choice will definitely be Micron [Heart] [Heart] [Heart] . The situation is really good as I got some booster from my insider friend, who works inside$Micron Technology(MU)$ .
As we can notice, Micron Technology shares move firmly higher recently as investors continue to see added value from the makers of a crucial component to the rollout of AI technologies that could be worth billions over the coming years.
Micron, which has fought hard for its share of the memory-chip market against Asia-based giants such as SK Hynix and Samsung, is quickly transitioning into the AI sector with a new semiconductor designed to support generative-AI applications.
Micron, which unveiled a development deal with Nvidia to insert HBM into its new H200 semiconductors, said a growing surge in demand is likely to drive overall sales closer to levels for its legacy DRAM memory products over the next two years. Moreover, Micron is projected to increase its market share in the HBM sector from less than 5% to the mid-20s percent.
The increase is attributed to Micron's anticipated growth driven by the surging demand for high-bandwidth memory (HBM) in artificial intelligence (AI) applications.
The increase reflects the company's anticipated growth, primarily driven by the rising demand for high-bandwidth memory (HBM), essential for artificial intelligence (AI) applications. HBM consumption is significantly higher than traditional DDR DRAM, using three times more wafer, indicating a substantial increase in material use.
The demand for HBM is expected to grow at a compound annual growth rate (CAGR) of 48% between 2023 and 2027, potentially creating a market worth over $20 billion. Micron is projected to increase its market share in the HBM sector from less than 5% to the mid-20s percent.
This expansion could contribute to record overall company sales in 2025 and 2026. The growth in memory demand extends beyond traditional computing, benefiting from the widespread adoption of AI across various devices.
For such, I am long-term blush for Micron! How do you think? [Chuckle] [Chuckle] [Chuckle] [Evil] [Evil] [Evil] [Allin] [Allin] [Allin] [Call] [Call] [Call] [Put] [Put] [Put] [Put]
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most of semiconductor sector shone brightly in Q1, but some semiconductor companies like $Advanced Micro Devices(AMD)$ and $Qualcomm(QCOM)$ experienced relatively smaller gains.
analysts raised their price target for Micron to $144 from $120, citing the immense additional value artificial intelligence technologies bring to key component manufacturers.
overall, I think this industry wouldn't perform too bad...
@Universe宇宙 @rL @GoodLife99 @Shyon @Aqa @koolgal @LMSunshine @HelenJanet @DiAngel
Which company do you think will continue to soar in Q2?
Will it be the AI leaders NVDA and SMCI or MU and QCOM who have just boarded the AI train?
Is there still upside potential for Micron?
Leave your comments and also post to win tiger coins